August 1, 2017
DescriptionLoopring is an Ethereum zkRollup protocol - a type of layer 2 scaling solution. Layer 2s are an environment that sits above Ethereum, where transaction throughput can be increased, and transaction cost can be decreased. From a user's POV, that means faster, cheaper, gas-free transactions. Importantly, zkRollups maintain the complete self-custodial security guarantees of Ethereum. Loopring is also a collection of products built on top of its open source protocol. These products include a non-custodial exchange (AMM and orderbook), payments, and wallets, powered by Loopring zkRollup.